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How Do Sociologists Know If the Sample They Are Using

question 67

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How do sociologists know if the sample they are using is representative?


Definitions:

Inputs/Outputs

In economics and business, inputs refer to the resources used in the production process, while outputs are the goods or services produced.

Expected Net Present Value

The anticipated value in today's terms of future cash flows from an investment minus the initial investment cost, considering various possible outcomes.

Industry Standard

The generally accepted requirements, practices, or criteria within a particular industry or sector.

Expected NPV

The anticipated net present value of an investment, taking into account the probability of different outcomes.

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